|Basis of Allotment|
for release in the U.S. This Is only an advertisement for Information purposes and
not a prospectus
announcement. Not for publication or distribution, directly or indirectly outside India.
REPCO HOME FINANCE LIMITED
Registered Office: Repco Tower, No. 33, North Usman
Road, T. Nagar, Chennai 600 017, Tamil Nadu, India; Telephone: +9144 2834
0715; Facsimile: +9144 2834 0716 Corporate Office: Karumuttu
Centre, Second Floor - North Wing, Old No: 498, New No: 634, Anna Salai, Nandanam,
Chennai, Tamil Nadu, India Telephone: +9144 4210 6650; Facsimile:
+9144 4210 6651
Our Company was incorporated as a public limited company under Companies Act, 1956 on April 4,2000 with the name Repco Home Finance Limited. We received our certificate of commencement of business on May 2,2000 from the Registrar of Companies, Tamil Nadu. There has been no change in the name and the registered office of our Company since incorporation. For further details, see the section titled "History and Certain Corporate Matters" on page 101 of the Prospectus dated March 20,2013. ("Prospectus")
PROMOTER OF OUR COMPANY: REPCO BANK LIMITED
BASIS OF ALLOTMENT
The Equity Shares are proposed to be listed on the National Stock Exchange of India Limited("NSE") and the BSE Limited("BSE") and the trading will commence on or around April 1, 2013.
PUBLIC ISSUE OF 15,720,262 EQUITY SHARES OF FACE VALUE OF Rs. 10 EACH ("EQUITY SHARES") OF REPCO HOME FINANCE LIMITED ("OUR COMPANY" OR THE "ISSUER") FOR CASH AT A PRICE OF Rs. 172 PER EQUITY SHARE INCLUDING A SHARE PREMIUM OF Rs. 162 PER EQUITY SHARE, AGGREGATING TO Rs. 2,702.32 MILLION (THE "ISSUE"). THE ISSUE INCLUDES A RESERVATION OF 180,000 EQUITY SHARES OF Rs. 10 EACH FOR SUBSCRIPTION BY ELIGIBLE EMPLOYEES (AS DEFINED IN "DEFINITIONS AND ABBREVIATIONS" OF THE PROSPECTUS) AT THE ISSUE PRICE ("EMPLOYEE RESERVATION PORTION"). THE ISSUE LESS THE EMPLOYEE RESERVATION PORTION IS HEREINAFTER REFERRED TO AS THE "NET ISSUE". THE ISSUE SHALL CONSTITUTE 25.29% OF THE POST ISSUE PAID-UP CAPITAL AND THE NET ISSUE SHALL CONSTITUTE 25% OF THE POST ISSUE PAID-UP CAPITAL OF OUR COMPANY. OUR COMPANY, IN CONSULTATION WITH THE BOOK RUNNING LEAD MANAGERS ("BRLMs") OFFERED DISCOUNT OF Rs. 16 TO THE ISSUE PRICE TO ELIGIBLE EMPLOYEES.
The Issue was made through the 100% Book Building Process in accordance with Rule 19(2)(b)(l) of the Securities Contracts Regulation Rules, 1957, as amended ("SCRR") read with Regulation 26(1) of the SEBIICDR Regulations, wherein 50% of the Net Issue was available for allocation on a proportionate basis to qualified institutional buyers ("QIBs"). Our Company may, in consultation with the BRLMs allocate up to 30% of the QIB Portion to Anchor Investors at the Anchor Investor Allocation Price, on a discretionary basis, out of which at least one-third was reserved for allocation to domestic Mutual Funds only. In the event of under-subscription or non-allocation in the Anchor Investor Portion, the balance Equity Shares shall be added to the Net QIB Portion. Such number of Equity Shares representing 5% of the Net QIB Portion shall be available for allocation on a proportionate basis to Mutual Funds only. The remainder of the Net QIB Portion shall be available for allocation on a proportionate basis to all QIBs including Mutual Funds, subject to valid Bids being received from them at or above the Issue Price. Further, not less than 15% of the Net Issue shall be available for allocation on a proportionate basis to Non Institutional Bidders and not less than 35% of the Net Issue shall be available for allocation to Retail Individual Bidders, subject to valid Bids being received from them at or above the Issue Price. The allotment of Equity Shares to each Retail Individual Bidder shall not be less than minimum bid lot, subject to availability of Equity Shares in Retail Investor category, and the remaining available Equity Shares, if any, shall be allotted on proportionate basis. Further, 180,000 Equity Shares shall be reserved for allocation on a proportionate basis to Eligible Employees, subject to valid Bids being received at or above the Issue price. All Investors other than Anchor Investors may participate in the Issue though the ASBA process by providing the details of their respective ASBA Accounts. QIBs and Non Institutional Bidders shall mandatorily participate through the ASBA process. Specific attention is invited to the section titled "Issue Procedure" on page 209 of the Prospectus.
The Issue received 5,239 applications for 26,691,900 Equity Shares (net of multiple bids, Bid not banked and prior to technical rejections) resulting in 1.70 times subscription. The details of the applications received in the Issue from Retail Individual Bidders, Non-Institutional Bidders, QIBs excluding Anchor Investors, Anchor Investors and Eligible Employees are as under (before technical reiections):
The Basis of Allotment was finalized in consultation with the Designated Stock Exchange, being NSE on March 22,2013.
A. Allotment as per the NSE and the BSE to Retail Individual Bidders (After
B. Allotment to Non-Institutional Bidders (AfterTechnical
C. Allotment to QIBs (excluding Anchor Investors)
D. Allotment to Anchor Investors
E. Allotment to Eligible Employees (AfterTechnical Rejections)
The Board of Directors of our Company at its meeting held on March 22,2013 has taken on record the basis of allotment of Equity Shares approved by the Designated stock exchange, being NSE and has allotted the Equity Shares to various successful applicants.
The refund orders and allotment advice have been dispatched to the address of the investors as registered with the depositories on March 25,2013. Further, instructions to the SCSBs have been dispatched/mailed on March 23,2013. In case the same is not received within ten days, investors may contact at the address given below. The Refund Advices have been over-printed with the bank account details as registered, if any, with the depositories. The Equity Shares allotted to successful allottees have been uploaded on March 25,2013 for credit into the respective beneficiary accounts subject to validation of the account details with the depositories concerned. Our Company is taking steps to get the Equity Shares admitted for trading on the NSE and BSE within 12working days of the closure of the Issue.
INVESTORS PLEASE NOTE
The details of the allocation made will be hosted on the website of Registrar to the Issue, Karvy Computershare Private Limited at http://www.karisma.karvy.com.
All future correspondence in this regard may kindly be addressed to the Registrar to the Issue quoting full name ofthe First/ Sole applicant, Serial number of the bid-cum-applicationform, number of Equity Shares bid for, name of the Member of the Syndicate, place where the bid was submitted and payment details at the address given below:
Karvy Computershare Private Limited
THE LEVEL OF SUBSCRIPTION SHOULD NOT BE TAKEN TO BE INDICATIVE OF EITHER THE MARKET
PRICE OF THE EQUITY SHARES ON LISTING OR THE BUSINESS PROSPECTS OF REPCO HOME FINANCE
REPCO HOME FINANCE LIMITED has filed the Prospectus with the Registrar of Companies, Tamil Nadu. The Prospectus shall be available on the website of SEBI at www.sebi.gov.in and is available on the websites ofthe Book Running Lead Managers at www.sbicaps.com, www.idfccapital.com and www.jmfl.com Investors should note that investment in Equity Shares involves a high degree of risk and for details relating to the same, see the section titled 'Risk Factors' on page xi of the Prospectus. This document is not an issue of securities for sale in the United States or elsewhere. This document has been prepared for publication in India and is not for publication or distribution, directly or indirectly, in or into the United States. The Equity Shares have not been and will not be registered under the U.S Securities Act of 1933, as amended (the "U.S Securities Act") and may not be offered or sold within the United States (as defined in Regulation S ofthe U.S Securities Act), except pursuant to an exemption from, or in a transaction not subject to, the registration requirements ofthe U.S Securities Act and applicable state securities laws. Accordingly, the Equity Shares are only being offered and sold outside the United States in reliance on Regulation S ofthe U.S Securities Act.